DBS and Singtel Partner Fave On Digital Payments Options
SINGAPORE – Digital merchant Fave on Thursday (Aug 27) said it has collaborated with DBS Bank and Singtel Dash to offer consumers “more digital and safer payment options”.
Starting from August for DBS PayLah! and from early September for Singtel Dash, users can transact digitally by scanning SGQR codes at Fave-partnered merchants to receive instant cashback of up to 20 per cent, Fave said.
In addition, the consolidation and acceptance of e-payments will allow Fave’s merchants to access payment reconciliation, customer insights and demographic data, Fave added.
Gilbert Chuah, head of mobile financial services at Singtel’s International Group, noted that the company is glad to provide a “safe and more convenient option” with contactless payments, as customers’ lifestyles become more digital with the onset of the Covid-19 pandemic.
According to Fave, its merchants have issued over $20 million in cashback for their customers since 2019 through the FavePay loyalty programme.
As at 11.06pm on Thursday, DBS shares were trading at $20.49, down $0.19 or 0.9 per cent, while Singtel shares were trading flat at S$2.31.
Comments are closed.